ZURICH: Nestle has trimmed its 2017 sales outlook, adding fuel to shareholder demands on its chief executive Mark Schneider to speed up a turnaround of the world’s largest food group.
Schneider, who became CEO of the maker of KitKat chocolate bars and Nescafe instant coffee in January, faces calls to improve Nestle’s performance after activist investor Daniel Loeb bought a US$3.5bil stake.
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